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South Caucasus News

Georgia’s Annual Inflation at 4.8% in September


Georgia’s annual inflation rate stood at 4.8% in September, as consumer prices rose by 0.5% compared to the previous month, the National Statistics Office (Geostat) said on October 3.

According to Geostat’s data, annual inflation was driven mainly by higher prices for food and non-alcoholic beverages (up 11.9%), health (up 9%), and alcoholic beverages and tobacco (up 4.1%), while transport costs declined by 2.1%.

Source: Geostat

Monthly price changes were led by clothing and footwear (up 4.2%), education (up 2.6%), and food and non-alcoholic beverages (up 1.4%). Communication costs fell by 4.7%.

Within food and non-alcoholic beverages, notable monthly increases were recorded for milk, cheese and eggs (3.4%), oils and fats (2.4%), vegetables (2.3%), sugar, jam, honey, chocolate and confectionery (1.6%), coffee, tea and cocoa (1.4%), meat (1%), bread and cereals (0.5%). Prices declined for fruit and grapes (-0.7%) and for mineral waters, soft drinks, and fruit and vegetable juices (-0.3%).

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South Caucasus News

PACE adopts another critical resolution on Georgia


PACE resolution on Georgia

PACE resolution on Georgia

The Parliamentary Assembly of the Council of Europe (PACE) adopted another critical resolution on Georgia. It was backed by 68 members, with seven opposing and two abstaining.

PACE resolution on “Supporting Democracy and Rule of Law in Georgia”

  • Democracy backsliding poses a serious threat to European standards.
  • The Assembly criticises the government’s isolationist policies, persecution of opposition, media, and civil society, as well as “foreign agent” laws.
  • Concerns are raised over inadequate conditions for upcoming local elections and the absence of international observers.
  • The idea of banning opposition parties is condemned as creating a “risk of one-party dictatorship.”
  • The Assembly expresses “deep regret” that Georgian authorities systematically ignore its concerns and recommendations on the democratic crisis, widely shared by the international community.
  • The existence of democracy in Georgia is called into question.
  • The Assembly condemns the Georgian authorities’ hostile attitude toward European organisations and their member states.
  • Concerns are raised over ongoing threats and reprisals, including mass dismissals of critical civil servants, jeopardising an independent and impartial civil service.
  • Support is expressed for Georgian civil society, condemning the persecution of journalist Mzia Amaglobeli and other political prisoners.
  • PACE urges the Georgian authorities to end pressure on democratic institutions and expresses readiness for dialogue.

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South Caucasus News

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South Caucasus News

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South Caucasus News

Azerbaijan sees growth in competitiveness thanks to economic reforms, says Minister


The economic reforms led by President Ilham Aliyev have significantly boosted the competitiveness of Azerbaijani entrepreneurs, said Minister of Economy Mikayil Jabbarov at the 2nd National Competition Forum.

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South Caucasus News

Germany – important partner for us, President Ilham Aliyev says


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South Caucasus News

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Successful dev’t of relations between Azerbaijan, Korea is source of great satisfaction – President Ilham Aliyev


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